$36.7 Billion Worldwide Automotive Actuators Industry to 2027

Global Automotive Actuators Market

Dublin, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The "Automotive Actuators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.The global automotive actuators market size reached US$ 25.16 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 36.73 Billion by 2027, exhibiting a CAGR of 6.51% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.Automotive actuators are an indispensable integrated component of electronic control systems in commercial and passenger vehicles. They mainly control various automobile mechanisms and bring them into motion by converting and supplying energy generated from various sources, including electricity and hydraulics. Automotive actuators comprise internal relays inside the engine system, which assist in activating control valves.

They also regulate throttles for directing airflow in the climate management systems, operate power liftgates, and adjust engine flywheel rotation speed and torque to optimize overall vehicular efficiency and performance.

Besides this, automotive actuators are extensively used in industrial procedures to operate valves, fluid couplings, and dampers. At present, they are commercially available in hydraulic, electric, and pneumatic variants. Automotive Actuators Market Trends:With the significant expansion in the automotive industry, there has been an increasing demand for downsizing vehicle engines to enhance fuel efficiency, which is primarily driving the automotive actuators market toward growth. Moreover, the rising security concerns and the growing incidences of road accidents due to drunken driving, rash driving, and control loss have further facilitated the extensive installation of automotive actuators in cars.

Additionally, escalating environmental consciousness has prompted governments of several countries to promote the incorporation of electric and hydraulic automotive actuators in vehicles, which is contributing to the market growth. These mechanical systems do not require fuel that causes internal combustion in the engine and produces greenhouse gas (GHG) emissions.

In line with this, the introduction of intelligent automotive actuators with smart sensors, control units, and the Internet of Things (IoT) solutions to sense the speed and movement of the vehicle and calculate the distance between the object and the automobile is propelling the market growth.

Other factors, such as the growing sales of autonomous cars and the widespread installation of automotive actuators in heating, ventilation, and air conditioning (HVAC) systems and refrigerants, are creating a positive outlook for the market.

Competitive Landscape:The competitive landscape of the industry has also been examined along with the profiles of the key players being BorgWarner Inc., Continental AG, CTS Corporation, DENSO Corporation, EFI Automotive, HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Johnson Electric Holdings Limited, MAHLE GmbH, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch GmbH and Stoneridge Inc.Key Questions Answered in This Report:

How has the global automotive actuators market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global automotive actuators market?

What are the key regional markets?

What is the breakup of the market based on the product?

What is the breakup of the market based on the motion?

What is the breakup of the market based on the vehicle type?

What is the breakup of the market based on the sales channel?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global automotive actuators market and who are the key players?

What is the degree of competition in the industry?

Report Attribute

Details

No. of Pages

145

Forecast Period

2021 - 2027

Estimated Market Value (USD) in 2021

$25.16 Billion

Forecasted Market Value (USD) by 2027

$36.73 Billion

Compound Annual Growth Rate

6.5%

Regions Covered

Global

Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Automotive Actuators Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Product6.1 Brake Actuators6.1.1 Market Trends6.1.2 Market Forecast6.2 HVAC Actuators6.2.1 Market Trends6.2.2 Market Forecast6.3 Headlamp Actuators6.3.1 Market Trends6.3.2 Market Forecast6.4 Grill Shutter Actuators6.4.1 Market Trends6.4.2 Market Forecast6.5 Seat Actuators6.5.1 Market Trends6.5.2 Market Forecast6.6 Coolant and Refrigerant Valve Actuators6.6.1 Market Trends6.6.2 Market Forecast6.7 Others6.7.1 Market Trends6.7.2 Market Forecast7 Market Breakup by Motion7.1 Linear7.1.1 Market Trends7.1.2 Market Forecast7.2 Rotatory7.2.1 Market Trends7.2.2 Market Forecast8 Market Breakup by Vehicle Type8.1 Passenger Vehicles8.1.1 Market Trends8.1.2 Market Forecast8.2 Commercial Vehicles8.2.1 Market Trends8.2.2 Market Forecast8.3 Others8.3.1 Market Trends8.3.2 Market Forecast9 Market Breakup by Sales Channel9.1 Original Equipment Manufacturer (OEM)9.1.1 Market Trends9.1.2 Market Forecast9.2 Aftermarket9.2.1 Market Trends9.2.2 Market Forecast10 Market Breakup by Region 11 SWOT Analysis

12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape15.1 Market Structure15.2 Key Players15.3 Profiles of Key Players15.3.1 BorgWarner Inc.15.3.1.1 Company Overview15.3.1.2 Product Portfolio15.3.1.3 Financials15.3.1.4 SWOT Analysis15.3.2 Continental AG15.3.2.1 Company Overview15.3.2.2 Product Portfolio15.3.2.3 Financials15.3.2.4 SWOT Analysis15.3.3 CTS Corporation15.3.3.1 Company Overview15.3.3.2 Product Portfolio15.3.3.3 Financials15.3.4 DENSO Corporation 15.3.4.1 Company Overview15.3.4.2 Product Portfolio15.3.4.3 Financials15.3.4.4 SWOT Analysis15.3.5 EFI Automotive15.3.5.1 Company Overview15.3.5.2 Product Portfolio15.3.6 HELLA GmbH & Co. KGaA (Faurecia SE)15.3.6.1 Company Overview15.3.6.2 Product Portfolio15.3.6.3 Financials15.3.7 Hitachi Ltd.15.3.7.1 Company Overview15.3.7.2 Product Portfolio15.3.7.3 Financials15.3.7.4 SWOT Analysis15.3.8 Johnson Electric Holdings Limited15.3.8.1 Company Overview15.3.8.2 Product Portfolio15.3.8.3 Financials15.3.8.4 SWOT Analysis15.3.9 MAHLE GmbH15.3.9.1 Company Overview15.3.9.2 Product Portfolio15.3.9.3 SWOT Analysis15.3.10 Mitsubishi Electric Corporation15.3.10.1 Company Overview15.3.10.2 Product Portfolio15.3.10.3 Financials15.3.10.4 SWOT Analysis15.3.11 Nidec Corporation15.3.11.1 Company Overview15.3.11.2 Product Portfolio15.3.11.3 Financials15.3.11.4 SWOT Analysis15.3.12 Robert Bosch GmbH15.3.12.1 Company Overview15.3.12.2 Product Portfolio15.3.12.3 SWOT Analysis15.3.13 Stoneridge Inc.15.3.13.1 Company Overview15.3.13.2 Product Portfolio15.3.13.3 Financials

For more information about this report visit https://www.researchandmarkets.com/r/7l6vu7

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Global Automotive Actuators Market